First Bancorp, Inc (ME) (FNLC) Position Held by California Public Employees Retirement System

California Public Employees Retirement System held its position in shares of First Bancorp, Inc (ME) (NASDAQ:FNLC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,163 shares of the bank’s stock at the close of the second quarter. California Public Employees Retirement System owned approximately 0.32% of First Bancorp, Inc (ME) worth $924,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in First Bancorp, Inc (ME) by 1.0% during the second quarter. Vanguard Group Inc. now owns 331,976 shares of the bank’s stock worth $8,983,000 after buying an additional 3,271 shares during the period. Menta Capital LLC purchased a new position in First Bancorp, Inc (ME) during the second quarter worth about $376,000. Teachers Advisors LLC lifted its position in First Bancorp, Inc (ME) by 21.9% during the second quarter. Teachers Advisors LLC now owns 19,071 shares of the bank’s stock worth $516,000 after buying an additional 3,427 shares during the period. Alliancebernstein L.P. lifted its position in First Bancorp, Inc (ME) by 15.8% during the second quarter. Alliancebernstein L.P. now owns 10,279 shares of the bank’s stock worth $278,000 after buying an additional 1,400 shares during the period. Finally, Wells Fargo & Company MN lifted its position in First Bancorp, Inc (ME) by 1.9% during the second quarter. Wells Fargo & Company MN now owns 13,825 shares of the bank’s stock worth $374,000 after buying an additional 259 shares during the period. Hedge funds and other institutional investors own 31.38% of the company’s stock.

First Bancorp, Inc (NASDAQ FNLC) opened at $28.49 on Tuesday. The company has a market capitalization of $307.72, a PE ratio of 16.33 and a beta of 0.66. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.70. First Bancorp, Inc has a twelve month low of $25.00 and a twelve month high of $33.21.

First Bancorp, Inc (ME) (NASDAQ:FNLC) last released its quarterly earnings data on Wednesday, October 18th. The bank reported $0.46 EPS for the quarter. The company had revenue of $15.45 million for the quarter. First Bancorp, Inc (ME) had a return on equity of 10.76% and a net margin of 26.51%.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 13th were issued a $0.24 dividend. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.37%. First Bancorp, Inc (ME)’s dividend payout ratio (DPR) is 55.17%.

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In other news, Director Bruce B. Tindal sold 3,450 shares of the firm’s stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $30.58, for a total value of $105,501.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 6.63% of the company’s stock.

Separately, BidaskClub downgraded First Bancorp, Inc (ME) from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th.

First Bancorp, Inc (ME) Company Profile

The First Bancorp, Inc is the bank holding company of First National Bank (the Bank). The Bank offers a range of financial services to individuals and companies in coastal Maine. The Company, through First Advisors, a division of the Bank, offers a range of private banking, financial planning, investment management and trust services to individuals, businesses, non-profit organizations and municipalities of various asset sizes.

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Institutional Ownership by Quarter for First Bancorp, Inc (ME) (NASDAQ:FNLC)

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